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How low will our £ go ? Watch

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    (Original post by iEthan)
    Nooooooooo bear™….. I have to buy currency soon too…….. :bawling:
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    (Original post by the bear)
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    :bawling:**
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    So right now we've priced in brexit and the interest rate cut so I don't think it will go down much more. May be 1.17 against the euro and 1.30 against the dollar
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    (Original post by iEthan)


    :bawling:**
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    (Original post by jamesthehustler)
    i think once the full effect kicks in maybe 0.8 euros
    Do you seriously think it will go that low? I'd be pretty concerned about the future of the UK as a country if it does, our export potential is simply not strong enough.

    One thing that will be decisive is the extent to which free access for London's financial services to the EU market becomes restrained. This seems likely, as Brussels have been trying for a long time to clamp down on the offshore-haven style of regulation and management that characterises the City, not to mention its highly protectionist legal structure.
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    (Original post by ChaoticButterfly)
    Make it sound like a Strugatsky sci-fi novel.
    Does Tarkovsky's Stalker come from his work? Can't be bothered to look it up. :teehee:
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    Wow, I didn't realise it was that low already. Thought the Brexiters had been a bit quiet lately on economics. As I remember it was forecast to be £1.20 by the end of the year; we're already past that.

    Surely it will reach parity with the euro.
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    (Original post by scrotgrot)
    Wow, I didn't realise it was that low already. Thought the Brexiters had been a bit quiet lately on economics. As I remember it was forecast to be £1.20 by the end of the year; we're already past that.

    Surely it will reach parity with the euro.
    There seems to be a general instruction out in the Tory party not to mention the economy at the moment.
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    (Original post by the bear)
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    Is that a picture from 'Money Laundering Today' magazine?
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    (Original post by the bear)
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    :lol:
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    (Original post by Fullofsurprises)
    Is that a picture from 'Money Laundering Today' magazine?
    no it's bear™'s holiday fund *
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    (Original post by Fullofsurprises)
    Does Tarkovsky's Stalker come from his work? Can't be bothered to look it up. :teehee:
    Yes. Based on the book Roadside Picnic :top:

    http://www.goodreads.com/book/show/3...oadside_Picnic

    Video game Stalker is also based on it.
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    (Original post by MnWhCntBMvd)
    So right now we've priced in brexit and the interest rate cut so I don't think it will go down much more. May be 1.17 against the euro and 1.30 against the dollar
    What Brexit though? In my view EEA is priced in. That is barely Brexit at all.
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    (Original post by MnWhCntBMvd)
    So right now we've priced in brexit and the interest rate cut so I don't think it will go down much more. May be 1.17 against the euro and 1.30 against the dollar
    it is the calm before the storm :yep: *
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    (Original post by the bear)
    no it's bear™'s holiday fund *
    Monaco here you go! :lol:
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    How low can you go!
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    May dip close to € parity over the course of next 6-12 months, but will rise again as the Eurozone crisis re-intensifies/when the EU collapses. I'd focus on the £/GLD price if I were you (and consider hedging against large GDP denominated liquid funds with physical gold) :yy:
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    (Original post by Fullofsurprises)
    Do you seriously think it will go that low? I'd be pretty concerned about the future of the UK as a country if it does, our export potential is simply not strong enough.

    One thing that will be decisive is the extent to which free access for London's financial services to the EU market becomes restrained. This seems likely, as Brussels have been trying for a long time to clamp down on the offshore-haven style of regulation and management that characterises the City, not to mention its highly protectionist legal structure.
    Well for years the City have been telling us they will leave and go to Switzerland so maybe the threat of us being outside the EU will force them to do it.

    Also I see Hollande is bidding to try and get Paris to tempt the City away from London. He is seeing the potential tax revenues that will come in from financial services like the UK got in the 2000s. What could possibly go wrong with this strategy.
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    (Original post by scrotgrot)
    Surely it will reach parity with the euro.
    If there is a real crisis in sterling like that we could announce a peg to the Euro and raise interest rates in the UK accordingly to keep us one for one with the Euro.

    This would give businesses certainty as it would mean that those trading with Eurozone countries would be able to plan that there would be no currency fluctuations. If it was an official policy they could also accept Euros as legal currency in the UK.

    Other countries do this with the dollar.
 
 
 
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